Many products carry a warranty that offers protection for the consumer against low quality. These warranties are often two dimensional, such as an automobile warranty that guarantees repair up to a certain time and mileage after sale. This paper considers the problem of assessing the size of a...

The modeling of preferences for multiattribute alternatives has received an increased attention in marketing (consumer behavior) and management science (decision analysis). The research in the two disciplines is closely related and can be applied to predicting consumer preferences for...

Many collective decision-making and bargaining situations can be described through the set of the feasible joint evaluations of all conceivable settlements. Attention should then be restricted to that subset (Pareto-optimal frontier) from which no joint gains are possible. Hence, the focal issue...

Decisions about the acquisition and maintenance of military equipment serve to build long-term capabilities in preparation of military conflicts. Typically, these decisions involve large investments which need to be supported by adequate cost-efficiency analyses. Yet the cost-efficiency analysis...

In the selection of investment projects, it is important to account for exogenous uncertainties (such as macroeconomic developments) which may impact the performance of projects. These uncertainties can be addressed by examining how the projects perform across several scenarios; but it may be...

Practically all organizations seek to create value by selecting and executing portfolios of actions that consume resources. Typically, the resulting value is uncertain, and thus organizations must take decisions based on ex ante estimates about what this future value will be. In this paper, we...